10
Jul
11:53
Italian merchant bar producers cut output
Poor demand for Italian merchant bar has persisted into July and very weak prices are impacting producers’ margins, Kallanish learns from market sources.
Some steelmakers implemented production cuts last week after several closures over the past quarter to try and address the issue of overcapacity. So far this month demand has been particularly sluggish. “July looks like August this year and we have no volumes for the moment,” an agent …
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Anonymous
Very good overview of the weekly steel market.
Anonymous